At around 11.30 a.m. today, our CEO Bill sent us an email saying that there's a mandatory Town Hall Meeting at 11.45 a.m. to 1.45 p.m. I've been working for this company for 9 months and we've never had a real Town Hall Meeting, which used to happen quite often, according to the more senior staff. My immediate reaction was one of worry. This must be serious. No one knows what was gonna happen. It was Bill himself that sent the email, instead of asking someone from the marketing department. At least they provided free pizza for us, which to me could mean it's either good or bad. The pizza could mean that the meeting is something fun and exciting, or it could mean that it's there to soften the blow of something terrible happening. Yes, for a moment, I did think that I was gonna lose my job.
What's actually happening is that the company I'm working for is being acquired by another company. Now, I didn't even know what our company name actually is; it's either WebApps or SaaShr.com. Andy mentioned that the company is WebApps, and that the product is called SaaShr.com. Our paycheck is from WebApps, therefore that's where we're working at. But now, I think, this means that the company name will change - something that has happened before, too - into "SaaShr, A Kronos Company" (dropped the ".com" from "SaaShr.com").
Kronos is a big company, that's about all I know so far. Keep in mind, all this happened in the past 2.5 hours (for us employees). The acquisition was finalized today, therefore we're spending the day learning about what's gonna happen to us.
Not sure what's gonna happen just yet; of course, they promise that nothing's gonna change, that they're just gonna help push SaaShr forward, etc. We do get better benefits, and more vacation days, so that's good.
It was a surprise, for sure. I'm both excited and a little worried.
